SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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William Digby
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P.C. Mahalanobis
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Dada bhai Naroji
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R.C.Desai
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Detailed explanation-1: -P.C. Mahalanobis, in full Prasanta Chandra Mahalanobis, (born June 29, 1893, Calcutta [now Kolkata], India-died June 28, 1972, Calcutta), Indian statistician who devised the Mahalanobis distance and was instrumental in formulating India’s strategy for industrialization in the Second Five-Year Plan (1956–61).
Detailed explanation-2: -Prashant Chandra Mahalanobis is known as Architect of Indian Planning. Q. Q20. Who is regarded as the architect of Indian Planning?
Detailed explanation-3: -In 1933, Mahalanobis founded the first Indian statistical journal Sankhya, along the lines of Biometrika, which had inspired him greatly. He was architect of India’s second five year plan and due to this second plan is known as Mahalanobis model.
Detailed explanation-4: -The first five years (1951 – 1956) plan was drafted by the economist K.N Raj and was based on the Harrod-Domar model – a Keynesian model of an economic plan.